TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE
SUBCHAPTER l: PROVISIONS APPLICABLE TO ALL COMPANIES
PART 903 UNIFORM ACCOUNTING INSTRUCTIONS FOR FIRE AND MARINE AND CASUALTY AND SURETY INSURERS
SECTION 903.70 AUDIT OF ASSUREDS' RECORDS


 

Section 903.70  Audit of Assureds' Records

 

a)         Include:

            Auditing fees and expenses of independent auditors for auditing payrolls and other premium bases.

 

b)         Exclude:

 

1)         Compensation to employees (see Salaries).

 

2)         Expenses of salaried employees (see Traveling and Entertaining).

 

3)         Items includible in Claim Adjustment Services.

 

4)         Items includible in Allowances to Managers and Agents.